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Technology Stocks : WCOM
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To: JDN who wrote (11246)7/11/2002 2:05:54 PM
From: Charles Tutt  Read Replies (1) of 11568
 
I had forgotten about your banking background. So how do you see this playing out? I imagine the banks will want a prepackaged bankruptcy filing that keeps current secured creditors whole, secures the unsecureds, and cuts out the equity holders.

I went through something like this with Just For Feet a while back. The shareholders were wiped away.

But that's JMHO. WDIK?

Charles Tutt (SM)
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